Sea shares whipsaw again after Shopee growth target sparks a spending worry
Sea Ltd shares fell 2.1% to $93.53 in early New York trading Friday, reversing part of Thursday’s 8.2% rebound. Investors reacted to Sea’s slower 2026 GMV growth target for Shopee and a 28.1% jump in quarterly costs, despite fourth-quarter revenue rising 38.4% to $6.9 billion and net income reaching $410.9 million.